| 2 minutes read

2 minutes read

From Being A Jute Seller To Building A Rs. 65000 Crore Empire, Story Of GMR Owner

| Published on May 8, 2020

Don’t you wish to own a startup of your own that generates crores in revenue in a few years? A good business idea can definitely help you get there. While you’re at it, take a look at this jute seller’s story who started from humble beginnings and now owns a Rs. 65000 crores empire! The man is none other than Grandhi Mallikarjuna Rao or GM Rao.


He was born into a lower-middle-class family. With less than average income, he somehow managed to convince his father to let him pursue engineering. Initially, he worked in a few government offices but did not like the workspace as much. His business venture kicked in after he purchased a sick jute mill and turned the tables around to make it a profitable one.

After 28 business, he somehow managed to accidentally setup into the infrastructural line. From then on, there was no turning back. Today he has private aircraft to travel for business errands as opposed to how he used to cycle for miles to get his payment dues cleared from buyers. What a way to live life!

GM Rao is a highly respected businessman in today’s era and is the proud owner of the GMR Group. Thanks to his parents to inculcate the idea of starting something of their own, he brought the GMR group to his vision. It had a lot of first coming its way since it became the first mover company in the country. GMR Group owns the three airports in Delhi, Hyderabad and Goa and one in the Philippines.

In addition to earning profits through the infrastructural project it lands, GM Rao has always believed in giving back to society. He has also set up the GMR Varalakshmi Foundation, which is a non-profit organisation. 2 to 3 percent of the profits made by the GMR Group goes to the non-profit, which has made its presence felt in 27 locations so far.

Care to take a tip or two from him?

Source: Kenfolios

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